IndiQube Spaces Limited (INDIQUBE) Fair Value & Analysis
Real Estate · IN · Market cap ₹35.5B
Fair value as of: Jul 3, 2026
From 11 valuation models · updated yesterday
Share price +6.3% over the past month.
Price vs Fair Value (11 months)
11‑month range ₹131.34 – ₹233.98 · fair‑value band ₹79.15 – ₹283.55 · the ₹167.31 price screens below the ₹181.35 fair value. As of Jul 3, 2026.
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IndiQube Spaces Limited (INDIQUBE) currently trades at ₹167.31, while our model-based Fair Value estimate is ₹181.35 — implying the stock looks roughly 8.4% undervalued today. We read business quality at 42/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, IndiQube Spaces Limited generated revenue of ₹14.5B at a net margin of -7.3%. Revenue grew 35.2% year over year. It earns a return on equity of -41.6%. Net debt stands at ₹48.2B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
IndiQube Spaces Limited provides workplace solutions and value-added services in India. It engages in the business of leasing of network of shared workspaces of fully or partly equipped premises. The company also provides customized design and build solutions; facility management, asset maintenance, plantation to catering, and transportation services for the employees; MiQube platform to manage, operate, and optimize office spaces; and IndiQube Cornerstone, a property and asset management solution. It serves global capability centers, corporates, and unicorns, as well as information technology/information technology enabled services, manufacturing, automotive, engineering, aviation, banking, financial services and insurance, consulting, e-commerce, educational technology, logistics, pharmaceuticals, and healthcare industries. The company was founded in 1999 and is based in Bengaluru, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IndiQube Spaces Limited reported revenue of ₹15.3B in FY2026 versus ₹3.4B in FY2022, a compound +45.2%/yr. Reported net income was −₹1.1B in FY2026.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.